ReymannGroup

This paper provides an overview of the increased threat to financial institution from Distributed Denial of Service (DDoS) attacks and how to defend network from such attacks. Financial institutions growth in online banking, networking and access to the Internet has led to an alarming increase in operational, reputation, strategic, and systemic risks not to mention real time attacks like Distributed Denial of Service (DDoS). Financial institutions that are subject to a real time attack could be exposed to significant losses in earnings and capital due to the loss of customers, cost of repair, and damage to reputation.